Roger Federer’s $300 Million Worth Investment: How the Tennis GOAT Became the Michael Jordan of Running Shoes

Published 09/15/2022, 10:33 AM EDT

Irrespective of whether someone is a basketball fan or not, Michael Jordan is a name that resonates with millions around the world. Apart from his basketball exploits, MJ made a name worldwide thanks to his iconic sneaker line.

The Jordan shoes are famous worldwide with both fans and celebrities sporting them openly. Interestingly enough, tennis legend Roger Federer has a similar story to that of Michael Jordan.

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He became the face of a franchise that manufactured running shoes and it quickly turned into one of Roger’s best investments. The On Running shoes were a quickly growing brand and Roger sensed this opportunity. He asked the co-founders out for dinner in his native country and a meeting during the dinner turned around the fortunes for the company forever.

Roger Federer made a huge investment after meeting with the founders

It seems 20-time Grand Slam winner Roger Federer was a fan of the shoes even before making an investment in their company. Federer had previously posted photos of himself wearing the shoes on Instagram and he later messaged the co-founders themselves.

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David Allemann, co-founder of On Running shoes revealed how Federer asked them out for dinner. Moreover, this dinner led to a massive investment by Roger in their company.

He said, “At some point he called us and said, ‘Let me buy you dinner.’ And so we had dinner together [and] he said: ‘I’m a big fan of your product, everybody around me is wearing them.’ We said, ‘Hey, why don’t you become a co-entrepreneur together with us? “

Despite interest from powerhouses like Nike and Adidas, Roger Federer committed to the company. Much like Jordan, Roger became the face of an iconic shoe line. According to reports, he has a 3% stake in the company which roughly amounts to around $300 million.

Federer’s net worth compared to NBA legend Michael Jordan

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Roger Federer and Michael Jordan are widely considered to be two of the greatest athletes ever.

According to reports, Roger Federer has a net worth of around $550 million. On the other hand, Jordan has a massive net worth of around $1.7 billion according to Forbes. MJ’s iconic ‘Jordan’ sneakers have played a huge role in making the 6 time NBA champion the first athlete to become a billionaire.

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What is your favorite memory of Michael Jordan and Roger Federer? Let us know in the comments down below.

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Abhinava is an NBA writer for EssentiallySports. He is currently pursuing his Bachelor's in Journalism and Mass Communication. Abhinava has been following NBA for the past 6 years and is a huge fan of the Golden State Warriors and Stephen Curry.

Roger Federer’s $300 Million Worth Investment: How the Tennis GOAT Became the Michael Jordan of Running Shoes

Roger Federer made a huge investment after meeting with the founders

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Federer’s net worth compared to NBA legend Michael Jordan